Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Real Estate

Here's what renters want more of in 2020

Majority of renters still prefer an in-person tour

Multifamily housing has seen a lot of change and adaptation this decade.

The 2020 Apartment Resident Preferences Report released by the National Multifamily Housing Council and Kingsley Associates collected input from renters all across the U.S.

The report found many differences in the way we live now. From smart home technology to pet amenities and co-living spaces, here’s what renters want to see more of.

“While emerging technologies have allowed communities to offer virtual tours and other opportunities for online engagement, we found that the majority of renters still prefer an in-person tour with a community representative,” said Rick Haughey, NMHC’s vice president of industry technology initiatives. “That said, 14% of renters noted they would rent an apartment sight unseen.”

Younger renters expressed an interest in short-term rentals, according to the report. Across the U.S., nearly 60% of those surveyed said having short-term rentals would either positively impact their perception of a community or have no effect at all.

Only 16% said they wouldn’t rent at a community that allowed short-term rentals.

Even though 42% of those surveyed said they telecommuted at least part-time, 15% said they had or would use a coworking space, while over half said they were interested in an on-site business center.

Co-living made an entrance in 2019, but nearly 70% said they would not be interested in this type of living situation.

Of course, technology made the most significant impact on the way renters live. Even though over a third of respondents said they already own devices like Amazon Alexa or Google Home, 43% said they were interested or would not rent without a virtual assistant.

Notably, in 2020, multifamily housing professionals will need to look beyond their human clientele. According to the survey, not only were renters enticed to rent from a place with pet amenities, they’d be willing to shell out extra money as well.

According to the report, more than a third of respondents were pet owners, most of them owning dogs. Dog owners said they would pay $28 to $34 more per feature per month for perks such as a community dog park among other pet services on site.

Most Popular Articles

Better.com lays off LOs, secures $750M cash injection

Digital mortgage lender Better.com is laying off 9% of its workforce ahead of a $750 million cash injection from financial backer SoftBank Group.

Dec 01, 2021 By

Latest Articles

This one practice can help lenders stop losing customers

Today’s consumers want more control and transparency throughout the mortgage shopping process. To remain competitive, lenders must address these evolving expectations by making product and pricing easily accessible to prospective customers.

Dec 06, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please